apply for a Tennessee SBA Loan
Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
Nationwide banks were among the largest lenders to “The Volunteer State” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in Tennessee:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 162 | $100,458 | 8.3% |
| 2 | Pinnacle Bank | Nashville, TN | 37 | $867,330 | 7.5% |
| 3 | United Midwest Savings Bank | De Graff, OH | 26 | $127,308 | 7.8% |
| 4 | First Home Bank | Saint Petersburg, FL | 19 | $217,895 | 8.1% |
| 5 | Wells Fargo | Sioux Falls, SD | 16 | $228,206 | 8.9% |
| 6 | Celtic Bank | Salt Lake City, UT | 15 | $1,087,253 | 7.9% |
| 7 | Live Oak | Wilmington, NC | 14 | $1,356,321 | 6.7% |
| 8 | Stearns Bank | Saint Cloud, MN | 13 | $215,015 | 8.1% |
| 9 | Newtek Small Business Finance | Lake Success, NY | 12 | $1,032,667 | 8.7% |
| 10 | BB&T | Winston Salem, NC | 12 | $437,650 | 7.5% |
| 11 | Fifth Third Bank | Cincinnati, OH | 12 | $326,525 | 7.5% |
| 12 | The First Bank and Trust | Lebanon, VA | 12 | $87,425 | 6.9% |
| 13 | Capstar Bank | Nashville, TN | 11 | $720,745 | 7.9% |
| 14 | Cadence Bank | Atlanta, GA | 11 | $415,909 | 7.7% |
| 15 | Simmons Bank | Pine Bluff, AR | 9 | $914,556 | 7.5% |
| 16 | Independence Bank | East Greenwich, RI | 9 | $144,444 | 7.6% |
| 17 | United Community Bank | Blairsville, GA | 7 | $718,286 | 7.5% |
| 18 | First Advantage Bank | Clarksville, TN | 6 | $1,011,717 | 6.6% |
| 19 | Five Star Bank | Rancho Cordova, CA | 6 | $246,667 | 7.9% |
| 20 | Bank of America | Charlotte, NC | 6 | $168,917 | 8.1% |
apply for a Tennessee SBA Loan